|Date Requested:February 02, 2012
Time Requested:04:09 PM
| FUND(S) |
Joint Committee on Government and Finance
Sources of Revenue
Legislation creates:A New Program
Effect this measure will have on costs and revenues of state government.
| The bill creates a Fiscal and Policy Division within the Legislative Auditor's Office answerable to the Legislative
Auditor, the Joint Committee on Government and Finance, and the Legislature.
The Division may be required to:
1. Analyze the annual budget prepared by the Executive Branch.
2. Make continuous and long range studies of projected revenues and expenditures annually publish an official
economic outlook for the state.
3. Provide fiscal notes and analyze legislative proposals for fiscal effect.
4. Prepare a fiscal note on all bills which, if requested by any legislator, is expected to have a reasonable impact on
the revenues or expenditures of the state budget.
5. Develop and maintain a comprehensive information system on the receipt of revenues by local governmental
subdivisions and political subdivisions from local, state and federal sources, as well as the expenditure of these
revenues and to submit a summary of this information annually to the Legislature.
6. Make available to the general public revenue, expenditure and public policy information in a manner which
allows the taxpayer to have confidence in the operations of state government.
The creation of the Division will increase the expenses of the Joint Committee on Government and Finance by
$720,680 annually, and estimated start-up costs of $60,000.
|Effect of Proposal||Fiscal Year|
|1. Estmated Total Cost||0||780,680||720,680|
|Repairs and Alterations||0||0||0|
|2. Estimated Total Revenues||0||0||0|
3. Explanation of above estimates (including long-range effect):
Position Salary Benefits Total
Director $75,000 $24,750 $99,750
Admin. Asst. $25,000 $8,250 $33,250
Actuary $130,000 $42,900 $172,900
Policy Analyst $40,000 $13,200 $53,200 * 7 = $372,400
Total Personal Services and Benefits - $678,300
Start-up costs may include renovating new office space, purchasing new office furniture, and recruiting new
employees. The estimate for office furniture is based on the Office of Legislative Information's purchase of new office
furniture for 10 employees. For recruiting costs, it is anticipated that a search for an actuary may take up the bulk of
Estimated start-up costs
Office Renovations $10,000
New furniture $30,000
New computers $10,000
Annual current expenses include supplies, postage, etc, OPEB payments, and travel for annual training for all
employees with the exception of the administrative assistant. Office expenses are based on Joint Committee expenses
for similar office sizes.
Estimated annual current expenses
Office expenses $5,000
Annual OPEB payments are calculated at 3.8% of personal services. This is included in the "other" column in the
Fiscal Note Detail.
OPEB paygo $19,380
Total first year expenses including start-up costs are $780,680.
Annual estimated expenses are $720,680.
| The fiscal note does not calculate any expenses that would arise from an agency having to be relocated from the
Capitol in order to create office space for the Fiscal and Policy Division. Thus, loss of rental income to the
Department of Administration nor any added expenses for relocating a state agency are included.